Short Term Rental Analysis

S College St

Charlotte, North Carolina

3 bed

3 bath

2 guests

$3,000,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $409

AirDna Occupancy: 58%

Avg Daily Rate

Annual Revenue
$86,643

Occupancy Rate

212 Days/Year

57.99%

Financial Summary

This looks like a poor investment over the next 1 year

Revenue

$86,643

Operating Expenses

-$16,279

Operating Income

$70,363

Mortgage & Taxes

-$156,360

Profit (Cash Flow)

-$85,996

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Return Metrics

-14.12% cash-on-cash return is a poor return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

-14.12%

Cap Rate

2.34%

Cash Investment Summary

You will need $608,750 in cash to and renovate this property

Down Payment

-$600,000

Furniture & Renovations

-$8,750

Closing Costs

$0